Group 1 - The core point of the article is the completion of the acquisition of Merck Group's surface solutions business (SUSONITY) by Global New Materials International for over 5.5 billion RMB, marking the largest overseas merger in China's pearlescent materials industry [2][3] - The acquisition is expected to enhance Global New Materials' international brand presence, advanced technology, and global distribution channels, while also allowing the company to replace natural mica with self-produced synthetic mica, addressing raw material depletion risks and rising energy costs [2][4] - The acquisition includes seven subsidiaries of Merck located in Germany, Japan, and the United States, covering 18 countries and primarily targeting the coatings, cosmetics, and industrial surface solutions markets [4] Group 2 - Global New Materials International aims to create a "global surface materials ecosystem platform," leveraging SUSONITY's established cross-border e-commerce channels and localized service systems to accelerate international market expansion and sales growth [5] - The company plans to achieve synergies in raw material collaboration, capacity optimization, process integration, and cost control post-acquisition, enhancing supply chain resilience and overall operational efficiency [5] - The financial performance of Global New Materials International shows a projected total revenue of 1.662 billion RMB for 2024, representing a year-on-year growth of 51.15%, with a net profit of 242 million RMB, up 33.37% [2]

Core Insights - The acquisition of Merck Group's surface solutions business (SUSONITY) by Global New Materials International is the largest overseas merger in China's pearlescent materials industry, completed with a transaction value exceeding 5.5 billion RMB [1][3] - The acquisition is strategically significant, allowing Global New Materials to enhance its global presence and integrate advanced technologies and international branding into its operations [1][4] Company Overview - Global New Materials International, established in 2011, has become the largest producer of pearlescent pigments in China by 2019 and was successfully listed on the Hong Kong Stock Exchange in July 2021 [3] - The company reported a total revenue of 1.662 billion RMB for 2024, reflecting a year-on-year growth of 51.15%, and a net profit attributable to shareholders of 242 million RMB, up 33.37% [3] Acquisition Details - The acquisition involves seven subsidiaries of Merck located in Germany, Japan, and the United States, covering 18 countries and primarily targeting the coatings, cosmetics, and industrial surface solutions markets [4] - The financial performance of Merck's surface solutions business shows revenues of 433 million EUR (approximately 3.636 billion RMB), 405 million EUR (approximately 3.401 billion RMB), and 402 million EUR (approximately 3.376 billion RMB) for the years 2022 to 2024, respectively [4] Strategic Goals - The ultimate goal of Global New Materials is to create a "global surface materials ecosystem platform," leveraging SUSONITY's established cross-border e-commerce channels and localized service systems to enhance international market penetration and sales growth [4] - Post-acquisition, the company aims to achieve synergies in raw material collaboration, capacity optimization, process integration, and cost control, thereby improving operational efficiency and profitability [4][5]

Group 1 - JD Group announced a voluntary public takeover offer for CECONOMY's shares at a price of €4.60 per share, valuing the transaction at €2.2 billion, which exceeds 18 billion RMB [1][4] - The acquisition aims to enhance CECONOMY's digital transformation, leveraging JD's expertise in digital technology, omnichannel retail experience, and logistics [4] - CECONOMY operates over 1,000 physical stores across 11 European countries and has struggled with sales growth, with a compound annual growth rate of only 0.8% from 2022 to 2024 [4] Group 2 - JD's internationalization efforts have intensified, with the launch of the Ochama omnichannel retail brand in Europe and the reintroduction of the Joybuy online retail brand [5] - The company has initiated a "100 billion, 1,000 products new growth plan" to introduce 1,000 overseas brands over the next three years, aiming for a cumulative sales growth of 10 billion RMB [5] - JD completed the acquisition of Hong Kong-based supermarket chain Jia Bao Foods, establishing a new business unit focused on innovative retail [5]

9月1日晚间，中国船舶重工股份有限公司（以下简称"中国重工"，601989.SH）公告称，公司A股股票将于2025年9月5日终止上市。因属于主 动终止上市情形，公司A股股票不进入退市整理期交易。 公司A股股东的股票账户中不再显示中国重工A股股票，直至中国重工A股股票转换为中国船舶A股股票并完成新增A股股份上市的相关手续 后，中国重工换股股东持有的中国重工股票将按照换股比例转换为中国船舶为本次换股吸收合并所发行的A股股票。 合并后的新公司总资产将超过4000亿元，成为全球资产规模最大的船舶上市公司。 截至9月2日收盘，中国船舶股价报38.45元/股，市值达1720亿元。中国重工自8月13日起停牌，停牌前市值为1163亿元。两家公司市值合计超过 2800亿元。 制图：佘诗婕 总资产超4000亿 根据此前公布的方案，中国船舶（600150.SH）将以37.84元/股的发行价向中国重工股东发行A股，换股比例调整为每1股中国重工股票换 0.1339股中国船舶股票，交易金额达1151.50亿元。 据悉，中国重工成立于2008年，2009年12月登陆A股市场，主营业务覆盖海洋防务装备、海洋开发装备、海洋运输装备、深海装备及 ...

9月2日，9月第2个交易日，今天沪指高开，深创两指低开，然后冲高乏力，早早下水。三指在水中持续震荡向 下，大约在13：25左右，一度拉起，但25分钟后顶不住兑现资金的砸盘，三指再次回落，结果纷纷收跌，其中深创两 指跌幅皆超过2个百分点，沪指小跌0.45%，把昨天的涨幅抹平。 天孚通信以218元的价格低开，随后上冲至224.1元，离昨天创造的历史新高225.05元差一口气，以199.18元收盘， 大跌10.34%，市值1548.5亿元，市盈率97.47倍，成交额147.12亿元。 寒武纪顶住了昨日阿里没有采购其芯片的传闻造成的下跌压力，今天逆势上涨，以1480元价格收涨2.18%，市值 6191.6亿元，市盈率554.7倍。 目前来看，"易中天"的情况比较相似，都属于光模块龙头企业，近几个月股价上涨的幅度超过200%，市盈率皆超 过60倍，虽然今天大跌，但依然在5日线上，趋势尚没有走坏。按照"强者恒强"的说法，其依然有向上的可能性。而 寒武纪今天的强势说明，利空消息并没有重挫其走势，某机构给的2100元目标价或许令一些投资者有继续追高的勇 气。 盘中下跌家数一度超过4600家，上涨家数不到700家，至尾盘有所改 ...

9月1日，四川金融监管局发布批复，核准李世宏国宝人寿保险股份有限公司（下称"国宝人寿"）董事、董事长的任职资格。 股权结构方面，四川金融控股集团有限公司为国宝人寿第一大股东，持股比例为33.33%；四川发展（控股）有限责任公司持 股15.16%，位列第二大股东；成都先进制造产业投资有限公司、上海梦澄运合技术服务有限公司并列第三大股东，持股比例均为 10.23%。 近段时间以来，国宝人寿股权变动频繁，问题股东正逐步出清。2025年6月，该公司接连发布公告称，眉山市宏宇资产管理 有限公司、浙江恒嘉控股有限公司分别通过参与公开拍卖竞拍的方式，以起拍价1.76亿元、2.17亿元，竞得四川雄飞集团有限责 任公司、重庆金阳房地产开发有限公司所持公司1.5亿股股份、1.8亿股股份。 待上述股权变更获批后，国宝人寿地方国资背景将得到进一步加强。中国企业资本联盟副理事长柏文喜在接受《国际金融 报》记者采访时称，对于保险公司而言，地方国资入场有利于在市场中获得更多的资源和机会。同时，国资背景的增强可提高保 险公司的信誉度，有助于吸引客户和合作伙伴。 业绩表现方面，2024年，国宝人寿实现保险业务收入38.43亿元，同比增长近六成 ...

2025世界设计之都大会上海主场展览由主展馆、上海设计100+全球竞赛专题展和户外创意市集组成。经国际国内专家组评审，此次上海设计100+全球 竞赛专题展TOP300展品率先亮相，以实际案例展现"设计赋能产业、点亮生活、服务城市、洞见未来"。同时，展区将从植物、水流、光影等自然生态元素 汲取灵感，进行策展和布置。 9月25日至28日，由上海市人民政府主办、联合国教科文组织联合主办的2025世界设计之都大会（WDCC2025）将在上海举办。主会场设在黄浦区局门 路689号，并在全城各区及海外多地举办联动活动。 2025年是上海成为"设计之都"十五周年，也是上海连续第四年举办世界设计之都大会。本届大会将以"设计无界，生生不息"为主题，持续践行"构建全 球设计创新合作平台、探求设计驱动新质发展之路、推动城市和生活处处有设计"的使命愿景。 今年的大会将通过"12255+X"的内容架构呈现，即1场开幕式、2大展览布局（主场与海外）、2场主题论坛（国际设计百人论坛、全球"创意城市"设计 论坛）、5大设计领域专题论坛、5大产业生态专场、X场全城和海外联动活动等，集结重磅嘉宾、领军品牌及新锐设计力量，打造生态设计风向标、时尚 ...

Core Viewpoint - The U.S. government, under President Trump, is considering declaring a national housing emergency to address rising housing costs and declining supply, with urgency emphasized by Treasury Secretary Scott Basset [1][2]. Group 1: Housing Market Challenges - The U.S. real estate market is experiencing stagnation due to rising home purchase costs and decreased supply, exacerbated by the Federal Reserve's tightening monetary policy and increased prices for construction materials [1]. - Since the 2008 financial crisis, the U.S. has not declared a national housing emergency, highlighting the severity of the current housing environment [2]. Group 2: Government Response and Actions - Trump has consistently criticized the Federal Reserve for high interest rates, which he claims increase government financing costs and harm the real estate market [3]. - The government is exploring ways to regulate local building and zoning codes and reduce transaction costs, with a focus on housing affordability as a key pillar for the Republican agenda in the 2026 midterm elections [4]. - The administration is also looking into simplifying approval processes and encouraging standardized construction methods to boost housing supply and lower costs [4]. Group 3: Market Outlook - Rental prices are currently declining, which is crucial for Americans without property, and a decrease in interest rates is expected to increase real estate transactions and home sales [4].

| 序号 | 板块 | 涨跌幅(%)▼ | | 总成交量(万手) * 总成交额(亿元) ▼ | 净流入 (亿元) ▼ | 上涨家数 | 下跌家数 | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 银行 | 1.69 | 6223.37 | 494.18 | 118.82 | 41 | 1 | | 2 | 盖金属 | 0.92 | 1312.12 | 221.26 | 3.49 | 5 | 6 | | 3 | 汽车零部件 | 0.57 | 6760.44 | 1106.96 | -53.50 | 108 | 141 | | 4 | 电力 | 0.56 | 6427.44 | 393.45 | 10.99 | 49 | 47 | | 5 | 种植业与林业 | 0.38 | 919.75 | 57.35 | -3.62 | 11 | 18 | | б | 港口航运 | 0.24 | 1666.01 | 97.20 | 0.15 | 20 | 15 | | 7 | 服装家纺 | 0.20 | 1779.98 | 137.37 | -8.54 | 30 ...

8月31日至9月1日，上海合作组织峰会在天津举办。天津也成为继上海、北京、青岛之后，第四座举办上海合作组织（下称"上合组织"）峰会的中国城 市。 （王哲希摄） 国际社会普遍认为，作为上合组织成立以来规模最大的一次峰会，意义重大。土耳其阿纳多卢通讯社在报道中表示，此次峰会被视为"全球南方"国家团 结的重要展示。 据新加坡《联合早报》报道，今年1至7月，中国与上合组织其他成员国货物贸易额达到2931.8亿美元，同比增长1.8%。近五年来，中国与上合组织其他 成员国贸易额接连突破3000亿、4000亿、5000亿美元，并于2024年达到5124亿美元，创历史新高。 哈萨克国际通讯社报道称，截至今年6月，中国对其他成员国全行业直接投资存量超过400亿美元，投资项目从能源矿产、冶金化工、基础设施建设等传 统领域，逐步向数字经济、绿色发展等新兴领域拓展。 《埃及每日新闻》也在报道中指出，安全和经济合作是上合组织峰会的重要议题。报道援引俄罗斯联邦政府金融大学副教授米哈伊尔·哈恰特良 （Mikhail Khachatryan）的预测，称到2025年，上合组织成员国和准成员国的国内生产总值（按购买力平价计算）合计将达到82万亿 ...